More consumers paying off credit card balances each month

More of us are paying off our credit card balances in full every month.

An American Bankers Association report shows that 28.7 percent of us now pay off our cards every
month. That's up from 19.6 percent in 2008. Meanwhile, the number of accounts in which the
cardholder carries a balance dropped to 41.6 percent from 44 percent in 2008.

The remaining accounts are dormat.

The ABA says the change reflects that consumers are doing a better job of managing their
credit-card debt.

The report also shows that the kind of debt that consumers hold has changed coming out of the
recession. Credit card and mortgage debt have declined while student loan debt has increased and
auto loans have remained steady.